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Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.


GREY:RBYC - Post by User

Post by jongguaon Sep 17, 2011 3:15pm
162 Views
Post# 19054239

licenses

licensespublic heel, it is true and undeniable that ruby has forecasted production and licenses lots of time before now. Part of me has assumed that assembling the land package has come first, and part of it is just dealing with a 3rd world country's timetable. I am sure I don't know all the story, but for sure ruby has had optimistic ML forecasts which they've failed to meet. For me its not been an issue as equipment, camp, land package and gold recovery expertise has continued to grow. Without doing DD on TXE, I have vaguely noticed they have tons more money, market cap and workers, but also are still not in production. I thought they had alluvial too, but maybe they just focus on hard rock, I don't know. Anyway, I've been at peace with it, tho sometimes nervous at no news flow. It'll be a LOT different when news flow includes a quarterly EARNINGS (as in positive) report from rising gold produx. I hope that will be this 4Q at long last, altho I believe Rob and Co (including reachable and believable Toby) could and would have lots to say about how much work on the ground level has been necessary to get us this far that shareholders can't see or appreciate unless you've witnessed just how remote everything is here. just my 2 cents.
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